Nvidia CEO Jensen Huang: $100B OpenAI Deal ‘Probably Not in the Cards'

Core Insights - Nvidia CEO Jensen Huang stated that a $100 billion investment in OpenAI is "probably not in the cards," with the company likely to limit its investment to $30 billion due to OpenAI's impending IPO [1] - Nvidia's investment strategy focuses on strategic anchor investments in AI companies to drive future GPU demand, rather than becoming a venture fund [1] Investment Details - Nvidia has invested $30 billion in OpenAI and $10 billion in Anthropic, down from the previously discussed $100 billion [1] - OpenAI's recent funding round totaled $110 billion, with contributions from Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion) [1] Market Dynamics - The impending IPO of OpenAI is expected to change the dynamics of investment, as private placements will no longer be available [1] - Nvidia's data center revenue reached $62.31 billion in Q4 FY2026, reflecting a 75% year-over-year increase, with full-year revenue at $215.94 billion [1] Strategic Partnerships - Nvidia has a strategic partnership with OpenAI to deploy at least 10 gigawatts of Nvidia systems for next-generation AI infrastructure [1] - The investment in OpenAI and Anthropic is seen as a validation of Nvidia's infrastructure thesis, emphasizing their role as customers and partners [1] Stock Performance - Nvidia's stock is currently trading at $183.04, with a consensus target price of $264.25 and 47 buy ratings against one sell [1]